Living in Lake Eliza, Indiana
Cost of living, income, home prices, rent and demographics of Lake Eliza · Census data 2020–2024
Lake Eliza has 545 residents with a median age of 41.4. The median home value is $173,000.
Lake Eliza is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lake Eliza at a glance
- Population
- 545
- Median age
- 41.4State: 38.1
- Median home value
- $173,000State: $218,200
- Homeowners
- 93.8%
- Bachelor's degree or higher
- 5.6%
- Average commute
- 65 min
Is Lake Eliza a good place to live?
Pros: Home values 21% lower than the state median; a poverty rate of 10.3%.
Cons: An average commute of 65 minutes.
The weather is best in May–June and August–September.
Cost of living in Lake Eliza
Housing is the biggest part of the cost of living. In Lake Eliza the median home value is $173,000, 48% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,045 a month in housing costs.
Housing in Lake Eliza: homes for sale and rent
- Housing units
- 195
- Owner-occupied
- 93.8%
- Renter-occupied
- 6.2%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 2010
- Average household size
- 2.79
Lake Eliza demographics
- Population
- 545
- Median age
- 41.4
- Under 18
- 29%
- 65 and older
- 25.1%
- Households
- 195
- Foreign-born
- 0%
- Veterans
- 2.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Eliza ›
Education in Lake Eliza
5.6% of adults 25 and older in Lake Eliza have a bachelor's degree or higher (Indiana: 29.5%), and 5.6% have a graduate or professional degree.
Jobs and commute in Lake Eliza
- Unemployment rate
- 0%State: 4.3%
- Average commute
- 65 minState: 24 min
- Work from home
- 0%
- Drive alone
- 85.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 75.9%
Lake Eliza vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Eliza | 545 | — | $173,000 | — |
| Lakes of the Four Seasons | 7,402 | $121,750 | $337,300 | $1,688 |
| Shorewood Forest | 3,263 | $165,972 | $479,100 | — |
| Aberdeen | 1,490 | $94,926 | $367,100 | $2,109 |
| Winfield | 7,816 | $135,870 | $409,500 | — |
| Salt Creek Commons | 1,843 | $94,167 | $198,300 | $1,388 |
| Hebron | 3,976 | $73,812 | $202,800 | $967 |
| Valparaiso | 34,733 | $69,872 | $267,300 | $1,224 |
| Hobart | 29,558 | $75,160 | $215,200 | $1,206 |
More for people moving to Lake Eliza
Lake Eliza ZIP code ›Weather and climate ›Living in Lake Eliza: FAQ
What is the average home price in Lake Eliza?
The median home value in Lake Eliza is $173,000, compared with $218,200 in Indiana.
Is Lake Eliza, IN a good place to live?
Pluses: home values 21% lower than the state median; a poverty rate of 10.3%. Minuses: an average commute of 65 minutes.
What is the median age in Lake Eliza?
The median age in Lake Eliza is 41.4 years (Indiana: 38.1).
How long is the commute in Lake Eliza?
The average commute to work in Lake Eliza is 65 minutes; 0% of workers work from home.
What is the unemployment rate in Lake Eliza?
The unemployment rate in Lake Eliza is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Eliza?
5.6% of adults in Lake Eliza have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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